Solana CRASH to $90?! SFP Could Trigger MASSIVE Reversal!
Currently, Solana (SOL) is finding it challenging to regain a significant level of control within its trading range, resulting in a weak refusal at this point and indications of potential bearish contraction. As the price stays below this crucial volume area, there’s an opportunity for a drop below $90, a region that seems poised for a liquidity sweep and a possible swing failure pattern, setting the stage for a potentially substantial reversal in its trend.
Key points covered in this article:
- Rejection at the point of control puts pressure on Solana’s short-term trend
- $89 support remains critical for a possible SFP and reversal trigger
- Liquidity beneath current levels could fuel a bullish rotation back to $178–$252
The recent refusal by Solana to rise at its significant volume level has set up a potentially risky technical situation. This level, which previously served as support, has transformed into resistance, making price movements more restrictive and increasing the chances of a drop due to liquidity issues. Unless Solana successfully reasserts control over this volume point, the near-term view remains cautious for bulls.
The $89 support level, just shy of the psychological $90 mark, is now crucial to monitor. This swing low has not been breached and lies within a high-liquidity zone. A brief touch of this level accompanied by a clear failure in the upward trend could initiate a powerful reversal, with potential upside targets falling between $178 and $252 in Solana’s weekly structure.
It’s crucial to recognize that markets seek out liquidity, and there might be an abundance of stop orders in the range below $90. These stop orders are often set by traders who have positions ranging from $130 to $100. If the price moves into this area with high liquidity, it would align well with typical market structure, particularly in a consolidating asset.
However, if Solana can regain control over the current level before this happens, this bearish prediction wouldn’t hold true anymore, and a more optimistic perspective would take over, suggesting that the price might continue to rise toward higher resistance levels.
How to trade this setup:
As an analyst, I recommend waiting patiently for a touch or bounce near the $89 level, looking out for signs that suggest a failed swing pattern might be forming. If this pattern materializes, it could serve as a reliable trigger for entering long positions. If confirmed, prepare yourself for a possible upward trend aiming towards the price range of $178 to $252.
Should the price regain control and move above the key resistance level, consider shifting your trading bias to favor continued bullish momentum. It is essential to approach this with caution, using discernment based on your personal trading system and strategy.
Read More
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Top 5 Best Mobile Games to play in June 2025
- LCP teams, CFO and GAM, bring the underdog power to MSI 2025
- Clash Royale Best Boss Bandit Champion decks
- Honor of Kings KPL Growth League (KGL) Summer 2025 kicks off across three Chinese venues
- Top 15 Mobile Game Publishers by Revenue and Downloads in 2024
- Ezra Miller’s Shocking Comeback: Is Hollywood Ready for His Return?
- Cookie Run: Kingdom Marshmallow Bunny Cookie Guide: How to unlock, Best Toppings, and more
- Magic Chess: Go Go Commander Tier List
- Rumi’s Shocking Demon Heritage in KPop Demon Hunters Blow Fans’ Minds
2025-04-15 00:00